President Bola Ahmed Tinubu has announced a groundbreaking initiative to deploy a fleet of 100 electric buses, marking a significant stride towards a sustainable and eco-friendly future for Nigeria. He made this announcement at a high-level meeting in Dubai during the COP28 climate summit, emphasizing the goal to reduce Nigeria’s carbon footprint and modernize transportation as part of a broader effort to position the country and Africa as leaders in green manufacturing.

To lead this transformative initiative, President Tinubu appointed the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Mr. Dahiru Salisu, as co-chairs of the Nigeria Carbon Market Activation Plan. This initiative aims to attract carbon market investments and create an investment-friendly environment with standardized and sustainable industrial practices.

President Tinubu highlighted the commitment to environmental stewardship and collaboration with the Africa Carbon Market Initiative. He stressed the importance of implementing enabling policies and frameworks to drive the growth of the carbon market within Nigeria.

The President assured investors that this initiative is not just a pilot project but a concrete step towards a carbon-neutral future, with more impactful initiatives planned for the future.

Calling for global collaboration on climate-related challenges, President Tinubu urged other nations to emulate Nigeria’s strides towards a sustainable future. He emphasized Africa’s role as a source of innovative solutions to climate challenges and expressed readiness to be an active participant in international efforts.

The Executive Chairman of FIRS, Zacch Adedeji, praised President Tinubu’s visionary leadership and committed the Committee to implement efficient policies and frameworks for sustainable carbon market growth. Adedeji described the rollout of electric buses as a tangible symbol of Nigeria’s commitment to modernizing transportation while reducing the continent’s carbon footprint.

He highlighted Nigeria’s readiness to lead global efforts against climate change and create a business-friendly environment for investments aligned with the commitment to a greener future.



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